Published by NEWSWEEK PAKISTAN on Friday, October 30, 2015

Inov8
INOV8 WILL USE ITS LATEST EQUITY INJECTION TO EXPAND IN THE MIDDLE EAST AND AFRICA.

Pakistani tech company Inov8 Limited has been valued at $108 million in its first round of fresh funding.

The company made the announcement on Oct. 29 following an equity injection of $5.4 million from Sheikh Nahyan bin Mubarak Al Nahyan, the minister of culture, youth, and social development of the United Arab Emirates.

“I have invested in multiple mobile payments and commerce initiatives,” said Al Nahyan, “and I find the depth of the management, the product platform, and the vision of the founders [of Inov8] to be the best I have come across. I look forward to being an integral part of their success story.” Continue reading


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Propakisani

Published by Propakistani on Thursday, October 29, 2015

 Inov8 Limited, a mobile payments company, has secured Series A funding of $5.4 Million and achieved a valuation in excess of $100 Million. Inov8 is the dominant player in the Pakistan market, and is now expanding to Africa and the Middle East with its award winning products and services.

His Highness Sheikh NahayanMabarak Al Nahayan is the sole investor in this Series A round. On the occasion of the announcement, he said, “I have invested in multiple mobile payments and commerce initiatives, and I find the depth of the management, the product platform, and the vision of the founders to be the best I have come across. I look forward to being an integral part of their success story.” Continue reading


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